Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Three Months )

Saudia Dairy and Foodstuff Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Three Months )

| SADAFCO continues to deliver close to double digit net profit on a consistent basis despite unfavorable market conditions through focus on value generating activities driven by our mission to delight our consumer.

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Inflationary pressures especially on our raw materials and logistic costs still persist, cost of doing business continues to be high, profit has been generated with close focus on efficiencies across all value chain e.g. operations, logistics and distribution.

The new Ice Cream factory provides exciting opportunities for growth and new product launches to meet higher consumer demand as the In Kingdom entertainment and tourism develop.

Work on Makkah Depot project of SAR 27 Mln has initiated and is expected to finish in the current Financial Year.

We have issued our First Sustainability Report covering four key elements of ESG – Consumer, Resources, People & Governance.

The board approved a half year dividend of SAR 3/share that was paid in January, in addition to final dividend announced in the Annual General Assembly meeting in June 2022. Total dividend payment of SAR 192 Mln.

We continue to generate healthy cashflow from operations. This has assisted us managing our working capital needs especially raw material requirements effectively. We are more than comfortably placed viz.a viz –